How do i divide the network sale and cost of merchandise sold?
The merchandise inventory (begining) is 7000
The total cost of merchandise purchased is 32000
Merchandise inventory (ending) is -6600
gross profit is 45600
expenses are 2600
and network income is 43000
How do i numeral out what the sale and cost of stock sold is?
Answers:
COGS = Beg. inv. + purchases - finish inv.
so COGS = 7,000 + 32,000 - 6,600 = 32,400
Gross profit = Sales - COGS
45,600 = Sales - 32,400
so Sales = 45,600 + 32,400 = 78,000
go pay for and reread that chapter again
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The total cost of merchandise purchased is 32000
Merchandise inventory (ending) is -6600
gross profit is 45600
expenses are 2600
and network income is 43000
How do i numeral out what the sale and cost of stock sold is?
Answers:
COGS = Beg. inv. + purchases - finish inv.
so COGS = 7,000 + 32,000 - 6,600 = 32,400
Gross profit = Sales - COGS
45,600 = Sales - 32,400
so Sales = 45,600 + 32,400 = 78,000
go pay for and reread that chapter again